Regulatory compliance white papers

Now more than ever, organizations of all sizes and descriptions are struggling to comply with regulations and manage the risks and penalties of failing to operate within the rules. Establishing, maintaining and proving compliance requires both money and time that executives and shareholders would rather invest in top-line growth. The myriad of procedures, tasks, and behaviors that bear upon compliance can be overwhelming. Yet organizations that can master the management all of these activities—and demonstrate that they have done it—operate more efficiently, compete more effectively, and build their brands and good names in the marketplace.

Successful businesses around the globe have shown time and again that what at first glance may appear as an onerous and costly change in regulation can be an opportunity for efficiency and market growth. The same is true of the move to International Financial Reporting Standards (IFRS). In many countries, the existing Generally Accepted Accounting Principles (GAAP) are based on a rigidly defined set of permitted accounting practices, often with a legally defined chart of accounts and at first glance this may appear very different to the IFRS principles.